DUBAI: Deyaar Development has revealed plans for a 1 billion dirham ($272 million) skyscraper in Dubai as high-rise construction in the emirate revives.
The Business Bay tower will include an Olympic-size infinity pool and an outdoor winter cinema, the developer said in a stock exchange filing.
Deyaar CEO Saeed Al-Qatami said the project would “set a new benchmark for high-end urban living in the heart of the city.â€
Dubai developers have been encouraged to announce new projects amid rising demand for luxury real estate in parts of the emirate and despite a continuing glut of new homes due to be completed.
The developer, which is majority-owned by Dubai Islamic Bank, said units in its tallest ever project will be offered with a 10 percent down payment and a seven-year repayment plan.
Dubai high-rise construction makes a comeback with Business Bay skyscraper
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Updated 04 July 2021
Dubai high-rise construction makes a comeback with Business Bay skyscraper
- Luxury skyscraper will have Olympic-sized infinity pool
- Units offered on 10 percent down payment
